Household consumption expenditure on goods bounced back in July 2017 (+0.7%)Household consumption expenditure on goods - July 2017

In July 2017, household consumption expenditure on goods bounced back by 0.7% in volume terms*, after a fall of similar magnitude in June. Purchases of durables accelerated and expenses on food products bounced back.

Informations rapides
No 226
Paru le : 29/08/2017
Prochaine parution le : 29/11/2017 at 08:45 - October 2017

In July 2017, household consumption expenditure on goods bounced back by 0.7% in volume terms*, after a fall of similar magnitude in June. Purchases of durables accelerated and expenses on food products bounced back.

Graph1 – Total consumption of goods

  • Source: INSEE

*Volumes are measured at chain-link previous year prices (2010 euro billions) and all figures are trading-day and seasonally adjusted.

Engineered goods: rebound

In July 2017, purchases of engineered goods bounced back (+1.2% after −0.7%), due in particular to expenses on household durables and textile-clothing.

Durables: growth for the third consecutive month

Consumption of durables, growing since May, accelerated in July (+0.9% after +0.2%). Indeed, purchases of household durables picked up sharply (+2.7%), notably those of consumer electronic devices and household appliances (notebooks, refrigerators, etc.) as well as furniture.

However, expenses on transport equipment edged down (−0.2%): motorcycles purchases stepped back, partially offset by car purchases that were on the rise.

Textile-clothing: rebound

In July, expenses on textile-clothing recovered markedly after a strong fall in June.

Other engineered goods: slowdown

Expenses on « other engineered goods » slowed down in July (+0.2 % after +0.7%). Purchases of perfume and beauty products increased significantly for the second consecutive month. However, expenses on hardware fell back.

Graph2 – Breakdown of engineered goods

  • Source: INSEE

Food products: rebound

In July 2017, total food consumption increased anew (+0.8%) after a fall in June (−1.0%). Purchases of raw products (fruits, vegetables) and processed food (beverage, milk products) bounced back clearly. However, consumption of tobacco diminished.

Graph3 – Food products, engineered goods and energy

  • Source: INSEE

Energy: slight decrease

Consumption of energy decreased at a moderate pace for the second consecutive month (−0.5% in July after −0.3%). Consumption of refined products diminished (−2.1%), notably in fuel and super unleaded.

Graph4 – Breakdown of energy

  • Source: INSEE

The variation in June 2017 is revised upwards

Compared to the previous estimate, the variation in household expenditure on goods in June 2017 is slightly revised upwards: −0.7 % instead of −0.8 %. Since the previous publication, new information has been integrated and the seasonal adjustment coefficients have been updated.

Table – Household consumption expenditure on goods

Changes in %, TD-SA
Household consumption expenditure on goods
Weight (1) May 2017 June 2017 July 2017 July 17 / July 16 Q/Q-1 (2)
Food products 38 0.0 –1.0 0.8 1.1 0.1
- excl. Tobacco 35 –0.1 –1.2 0.9 1.5 0.2
Engineered goods 45 1.3 –0.7 1.2 3.4 0.6
- Durables 22 1.0 0.2 0.9 5.5 1.2
Including :
- Transport equipment 12 1.9 0.4 –0.2 5.3 1.7
- Household durables 7 0.1 –0.2 2.7 7.2 0.9
- Textile-clothing 9 3.7 –4.6 3.1 2.0 –0.7
- Other engineered goods 13 0.0 0.7 0.2 1.0 0.5
Energy 17 2.3 –0.3 –0.5 0.7 4.0
- Energy, water, waste 10 2.2 –0.9 0.7 0.5 5.7
- Refined Products 7 2.4 0.4 –2.1 1.0 1.7
Total 100 0.9 –0.7 0.7 2.1 0.9
- Including Manufactured goods 84 0.7 –0.6 0.7 2.3 0.3
  • (1) Weighting in the consumption expenditure on goods in value in 2016
  • (2) Last three months / previous three months
  • Source: INSEE